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© 2021. This work is published under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

With innovations in technology, the application of artificial intelligence (A.I) in the area of commerce is rising to the top with an expected growing number of business transactions not just for entrepreneurs but for consumers as well. It advances the understanding of how A.I. can be used to enhance businesses around the world by establishing their presence online to reach customers beyond borders. This study highlights the benefits and risks of introducing A.I. into trade in terms of how the commerce industry operates and revolutionize products shopping. Significantly, the primary aim of this paper is to explore ways A.I. is integrated into commerce to help understand its impact on existing/potential customers and its efficiency in sales processes. With a sample size of 2,903 manufacturing companies in four West-African countries, the empirical results show that value-based adoption of A.I. approach outperforms the traditional/human search of customers' products delivery in both convenience, accuracy and profitability. Furthermore, A.I. approach within commerce achieved competitive advantage with several modernized customer service machine learning approach such as automated content creation, voice assistance, image search among others. Clearly, this shows that the application of A.I system into commerce introduces significant competitive advantages in terms of trust, quality, openness and security.

Details

Title
BENEFITS AND RISKS OF INTRODUCING ARTIFICIAL INTELLIGENCE IN COMMERCE: THE CASE OF MANUFACTURING COMPANIES IN WEST AFRICA
Author
Zhuo, Zelin 1 ; Larbi, Frank Okai 1 ; Addo, Eric Osei 2 

 Institute of International and Comparative Education, Research Center for Hong Kong &Macau Youth Education, South China Normal University, Guangzhou, China 
 School of International Trade and Economics, University of International Business and Economics, Beijing, China 
Pages
174-194
Publication year
2021
Publication date
Feb 2021
Publisher
Bucharest Academy of Economic Studies, Faculty of Commerce
ISSN
15829146
e-ISSN
22479104
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2483109281
Copyright
© 2021. This work is published under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.